Chris Koopmans - 15 Apr 2024 Form 4 Insider Report for Marvell Technology, Inc. (MRVL)

Role
EVP, Chief Operations Officer
Signature
/s/ Chris Koopmans, by Blair Walters as Attorney-in-Fact
Issuer symbol
MRVL
Transactions as of
15 Apr 2024
Net transactions value
-$1,398,004
Form type
4
Filing time
16 Apr 2024, 18:50:43 UTC
Previous filing
18 Mar 2024
Next filing
16 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRVL Common Stock Sale $356,250 -5,000 -4.4% $71.25 109,117 15 Apr 2024 By Trust F1, F2
transaction MRVL Common Stock Options Exercise $0 +1,384 +1.3% $0.000000 110,501 15 Apr 2024 By Trust F2
transaction MRVL Common Stock Tax liability $46,634 -687 -0.62% $67.88 109,814 15 Apr 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +2,187 +2% $0.000000 112,001 15 Apr 2024 By Trust F2
transaction MRVL Common Stock Tax liability $73,650 -1,085 -0.97% $67.88 110,916 15 Apr 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +1,367 +1.2% $0.000000 112,283 15 Apr 2024 By Trust F2
transaction MRVL Common Stock Tax liability $46,023 -678 -0.6% $67.88 111,605 15 Apr 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +4,497 +4% $0.000000 116,102 15 Apr 2024 By Trust F2
transaction MRVL Common Stock Tax liability $151,372 -2,230 -1.9% $67.88 113,872 15 Apr 2024 By Trust F2, F3
transaction MRVL Common Stock Options Exercise $0 +21,514 +19% $0.000000 135,386 15 Apr 2024 By Trust F2
transaction MRVL Common Stock Tax liability $724,076 -10,667 -7.9% $67.88 124,719 15 Apr 2024 By Trust F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRVL Restricted Stock Units Options Exercise $0 -1,384 -100% $0.000000* 0 15 Apr 2024 Common Stock 1,384 Direct F4, F5
transaction MRVL Restricted Stock Units Options Exercise $0 -2,187 -20% $0.000000 8,748 15 Apr 2024 Common Stock 2,187 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -1,367 -20% $0.000000 5,468 15 Apr 2024 Common Stock 1,367 Direct F4, F6
transaction MRVL Restricted Stock Units Options Exercise $0 -4,497 -11% $0.000000 35,977 15 Apr 2024 Common Stock 4,497 Direct F4, F7
transaction MRVL Restricted Stock Units Options Exercise $0 -21,514 -100% $0.000000* 0 15 Apr 2024 Common Stock 21,514 Direct F4, F8
transaction MRVL Restricted Stock Units Award $0 +33,450 $0.000000 33,450 15 Apr 2024 Common Stock 33,450 Direct F4, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on 07/14/2023.
F2 Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
F3 Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F4 Each RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F5 This award fully vested on April 15, 2024.
F6 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7 The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026 and 04/15/2026.
F8 The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2021. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results that were certified on 04/15/2024.
F9 The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.